Digital
In a business environment where digital is a given and opportunities are limitless, where should a family office begin? By identifying organizational needs and highlighting the inherent risks, Family Offices are able to transform into digitally-enabled organizations.

Gone are the days of typewriters and fax machines, where executive decisions were only as fast as the technology was. The digital age is here to stay, with business dollars chasing technological advancements rather than the other way around.

Digitization, digitization and digital transformation – though often used synonymously – reflect three different stages of the digital journey. Where digitization refers to converting information from analog to digital, digitalization is a process whereby an industry has become saturated with technology. Digital transformation, finally, refers to the total and overall societal effect of digitalization.

“Going paperless”, as such, is only the beginning of the journey. Though family offices have not been typically at the vanguard of technological innovation, a growing number are fast adopting digital processes and methodologies. The benefits of this cannot be understated as they are able to use technological solutions to inform and manage investment decisions amongst other things. There are fewer and fewer excuses these days to not have a solid tech stack that can supercharge your company. Nonetheless, within the private wealth and family office space concerns over privacy, cybersecurity and data protection are of utmost indeed. We guide family offices through the process of digitization and digitalisation ensuring that both opportunities and risks, are managed and mitigated.

Our Digital experts

Francois Botha

Francois Botha

Copenhagen

Francois believes that the next generation of family leaders need new, simple tools and trusted experts with a fresh outlook.

Read more about Francois Botha
Rachael Laubscher

Rachael Laubscher

Cape Town

Rachael Laubscher works as the international project lead within Simple.

Read more about Rachael Laubscher
87% of companies think digital will disrupt their industry, but only 44% are prepared for digital disruption.

The 2018 Digital Business Survey, IDG Communications.

Insights

Cyber crime, the greatest threat to family businesses?
logo-icon Read Article

Jump to one of our other Practices

Simple solutions for complex times.